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December 23, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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SBA Lenders in Fairfield (town Of)
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SBA Loan from Business Loan Center, LLC Helps Gasoline Stations With Convenience Stores CompanyAn SBA loan from Business Loan Center, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fairfield (town Of), Connecticut business owner got a $1,070,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fairfield (town Of), Connecticut was able to borrow $1,070,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $802,500 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender BUSINESS LOAN CENTER, LLC This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/2/2004 Loan Approval Gross Amount $1,070,000 Loan Approval from the SBA Of the total $1,070,000 loan amount, the SBA guaranteed $802,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan If you are raising money in Fairfield (town Of) CT, you ought to talk with a local Fairfield (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fairfield (town Of) businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Role of Business Plan When Raising Money Where to Get an SBA Loan in New York, New York Getting an SBA Loan in New York
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